IssacxIce
2021-07-27

$Alibaba(BABA)$Sell off my position at BABA just now. My position was at 206.60, just 1 day it drop almost 11%. I sell off to stop my loss. 

In My opinion, BABA is a very strong base company, they have strong financial. But the thing is, Chinese Base US Listed Company have too much Drama even strong company like BABA. & TENCENT. Due to a lot of US,China & HK government involvement, potentially affecting the growth of the Chinese Base Company. BABA has drop almost 40% since4 months ago until now is still dropping. 

Just my personal opinion, is good to stay away from Chinese Base US listed company for awhile. 

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Comments

  • WayneCai
    2021-07-27
    WayneCai
    Good luck to you. I am buying more when blood is on the streets.
  • DragonKC
    2021-07-28
    DragonKC
    Selling off BaBa is over reacting. Baba is a very strong fundamental company. Price will bounced back in few weeks time. Sell when take profit. Don't sell at loss.
  • IssacxIce
    2021-07-28
    IssacxIce
    Good luck to everyone. Understand that this is not financial advice, Its just my personal Insights after some research. Lets hope for the best.
  • Dont be weak
    2021-07-28
    Dont be weak
    Shows how many investors with weak hands and letting emotions get the better of them. Baba alr got hevaily fined by regulators a few months back. Business as usual after that, if not even better.
  • IssacxIce
    2021-07-28
    IssacxIce
    3rd Major Risk: Chinese stocks’ potential delisting in the US (affecting all Chinese stocks)


    4th Major Risk: Variable Interest Entity (VIE) Structure (affecting all Chinese stocks)
    • Keljoan85
      for 3rd risks, is it because US will make Chinese company delist? I am just thinking why would I delist when I am getting investment?
  • FatCatCEO
    2021-07-29
    FatCatCEO
    Every tech stock has its risks. Antitrust and anti monopoly also happen to apple Microsoft etc.  Research don't comes after u buy it. It shld before so u can hold ur conviction.  Gd luck
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